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I think at the time of applying for my FHO loan I was earning $100k, and they gave me the all clear to borrow something like $650k? This would have left me, after repayments, around $500 a week. Can write off $200 a week for food and utilities. Another $200 for a car (fuel, service, rego)...

I earn a fair amount over the $80k mark and cant fathom how someone on my salary could possibly feel ok with borrowing $750k - $1m on their PPOR for their first home. Sure I could afford the repayments, but all it takes is a downturn in my industry/medical emergency/major car repairs and...

Bingo. Everyone I talk to talks about an affordability crisis, yet they earn $80k and are looking at $750k + properties. Meanwhile, speaking from a Perth perspective, there is a $hitload of homes for $450k and under. Some are houses, some villas. Most are old but they don't leak...